Banking News

The prospect of record low savings rates continuing is forcing many savers to review how they allocate their capital in an attempt to achieve the level of returns they have previously enjoyed. Investing in the stock market inevitably involves putting your capital at risk however there is a middle ground which continues to attract increasing interest – the structured deposit. With this in mind, we take a deeper look at this savings alternative to help understand why more and more savers are starting to see their appeal. more

With the current economic environment asking savers far more questions than it gives answers, it is good to know that there are alternatives available. We take a look at one such alternative that is proving particularly popular as savers face the harsh reality that the more traditional fixed rate savings products are failing to meet their needs. more

Millions of savers are facing the harsh realisty that there is little hope of change to interest and savings rates in the coming years. However, those with Cash ISAs do have one further option to consider – the ISA transfer. We take a closer look at why this is becoming a rising trend as well as what this could mean for those looking for the potential to improve the returns from their capital. more

With so many savers joining income investors in the hunt for high yields, being able to quickly understand and compare the numerous options available has become even more important. We therefore compare two of our most popular income investments to help understand what is driving their popularity and why they might meet your income needs. more

Experian: Bankruptcy can change your life

18 May 2006

Credit report specialist Experian has noted that even more aspects of your future can be impacted by bankruptcy than people realise.

The internet site claims that anything requiring a reference can be impacted by previous insolvency, such as renting or job hunting, in addition to being saddled with bad credit on loans.

"Lenders are increasingly charging higher rates for people who have been bankrupt," said Experian consumer affairs manager, James Jones.

Although the interest rates for bad credit loans, which will be a staple diet of those who have recently endured bankruptcy, are bad enough, landlords and employers are also taking more notice of those with a poor credit history.

"It might be difficult to get the job you want, especially in the financial industry," Mr Jones warned. "Landlords can see it as well and it may be difficult to get a flat."

Before filing for bankruptcy, the advice to consumers is to research all your other options before committing to a course of action that can have wide-ranging long-term consequences.